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Business Law
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What are C corporations?

C Corporations are ordinary business corporations that have not elected to be treated as Subchapter S corporations.

They have some very strong advantages:

Limited liability,

No restriction as to the number of shareholders,

Fewer problems with passive loss rules,

Favorable loss carry-forward rules, and

liberal fringe benefit opportunities.

C Corps suffer from several drawbacks such as:

Two levels of taxation,

Subject to accumulated income tax, and

Pass-through of losses to investors is not available.


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